What type of life insurance policy continues until the death of the insured?

Whole life insurance is a type of permanent life insurance that remains in effect for the entire life of the insured, as long as the premiums are paid. This policy not only provides a death benefit to the beneficiaries upon the insured's death but also includes a cash value component that grows over time. The cash value can be borrowed against or withdrawn, offering financial flexibility during the insured's lifetime. With whole life insurance, there is a guarantee of a payout when the insured passes away, making it a key feature of this type of policy.

In contrast, term life insurance only provides coverage for a specified period and does not build cash value. Universal life insurance and variable life insurance, while also being permanent forms of life insurance, offer different structures and investment components that can affect the death benefit and cash value over time. Whole life insurance's enduring coverage and guaranteed death benefit distinctly set it apart as the correct answer to this question.